Florida 2023 Regular Session Status: In Committee 1 R cosponsors

HB 987 — Public Deposits

Last action — Died on Second Reading Calendar

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Public Deposits; Provides requirements for credit unions that are qualified public depositories; provides that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements & protection; prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements under certain circumstances; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires specified credit unions to return all public deposits in credit unions within specified timeframe; authorizes CFO to limit amount of public deposits in credit unions for specified purpose; provides requirements for suspension or disqualification of credit unions as qualified public depositories; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determinations.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 987 on the official Florida source →

Action History

  1. Died on Second Reading Calendar

  2. Added to Second Reading Calendar

  3. Bill released to House Calendar

  4. Reported out of Commerce Committee

  5. Favorable by Commerce Committee

  6. Added to Commerce Committee agenda

  7. Now in Commerce Committee

  8. Reported out of State Administration & Technology Appropriations Subcommittee

  9. Favorable by State Administration & Technology Appropriations Subcommittee

  10. Added to State Administration & Technology Appropriations Subcommittee agenda

  11. Now in State Administration & Technology Appropriations Subcommittee

  12. Reported out of Insurance & Banking Subcommittee

  13. Favorable by Insurance & Banking Subcommittee

  14. Added to Insurance & Banking Subcommittee agenda

  15. 1st Reading (Original Filed Version)

  16. Now in Insurance & Banking Subcommittee

  17. Referred to Commerce Committee

  18. Referred to State Administration & Technology Appropriations Subcommittee

  19. Referred to Insurance & Banking Subcommittee

  20. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 163 not signed on · 6 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Favorable (Commerce Committee)

Passed 15 Yea · 3 Nay · 3 Other
Party YeaNayPresentNot Voting
Democrat 3200
Republican 10003
Unaffiliated 2100
Total 15303
% of votes cast 71%14%0%14%
How each member voted (21)
Member Party Vote
Benjamin — Nay
Rommel — Yea
Rudman — Yea
Antone, Bruce Hadley Democrat Yea
Arrington, Kristen Aston Democrat Nay
Daniels, Kimberly Democrat Yea
Joseph, Dotie Democrat Yea
Tant, Allison Democrat Nay
Barnaby, Webster Republican Yea
Borrero, David Republican Yea
Duggan, Wyman Republican Yea
Giallombardo, Mike Republican Yea
LaMarca, Chip Republican Yea
Leek, Thomas J. "Tom" Republican Not Voting
Maney, Patt Republican Yea
Melo, Lauren Republican Yea
Overdorf, Tobin Rogers "Toby" Republican Not Voting
Sirois, Tyler I. Republican Yea
Steele, Kevin M. Republican Not Voting
Tramont, Chase Republican Yea
Yeager, Bradford Troy "Brad" Republican Yea

Official roll call →

Favorable (State Administration & Technology Appropriations Subcommittee)

Passed 11 Yea · 4 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 4100
Republican 7201
Unaffiliated 0100
Total 11401
% of votes cast 69%25%0%6%
How each member voted (16)
Member Party Vote
Stevenson — Nay
Arrington, Kristen Aston Democrat Nay
Edmonds, Jervonte "Tae" Democrat Yea
Harris, Jennifer "Rita" Democrat Yea
Nixon, Angela "Angie" Democrat Yea
Robinson, Felicia Simone Democrat Yea
Basabe, Fabián Republican Yea
Borrero, David Republican Yea
Busatta, Demi Republican Nay
Holcomb, Jeff Republican Yea
Maggard, Randall Scott "Randy" Republican Nay
Maney, Patt Republican Yea
Mooney Jr., James Vernon "Jim" Republican Not Voting
Persons-Mulicka, Jenna Republican Yea
Snyder, John Republican Yea
Steele, Kevin M. Republican Yea

Official roll call →

Favorable (Insurance & Banking Subcommittee)

Passed 12 Yea · 5 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 9001
Unaffiliated 2200
Democrat 1300
Total 12501
% of votes cast 67%28%0%6%
How each member voted (18)
Member Party Vote
Benjamin — Nay
Rudman — Yea
Stevenson — Nay
Temple — Yea
Franklin II, Gallop Democrat Nay
Hunschofsky, Christine Democrat Yea
Tant, Allison Democrat Nay
Woodson, Marie Paule Democrat Nay
Anderson, Adam Republican Not Voting
Borrero, David Republican Yea
Botana, Adam Republican Yea
Canady, Jennifer Republican Yea
Duggan, Wyman Republican Yea
Fabricio, Tom Republican Yea
Griffitts Jr., Philip Wayne "Griff" Republican Yea
Plakon, Rachel Saunders Republican Yea
Steele, Kevin M. Republican Yea
Tramont, Chase Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 987 do?
Public Deposits; Provides requirements for credit unions that are qualified public depositories; provides that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements & protection; prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements under certain circumstances; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires specified credit unions to return all public deposits in credit unions within specified timeframe; authorizes CFO to limit amount of public deposits in credit unions for specified purpose; provides requirements for suspension or disqualification of credit unions as qualified public depositories; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determinations.
Who sponsors HB 987?
HB 987 is sponsored by Botana, Adam (Republican).
What is the current status of HB 987?
This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 987?
Track HB 987 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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